The Editorial Team |

Mauritius Equity Markets | 04 Nov 2015 : SEMDEX Index up 15bps, SEM10 Index 28bps higher, Market Cap US$9 million up

PORT LOUIS, Mauritius, Capital Markets in Africa — Positive momentum continued on the Stock Exchange of Mauritius at the end today’s equity trading session. The Mauritius official market equity market capitalization ended at MUR 210.155 billion after adding MUR 308 million (about US$8.6 million) compared to the previous market capitalization of MUR 209.847 billion. In the same positive mood, the Mauritius All Share Index (SEMDEX index) grew by 0.15 percent or 2.76 points to close at…

The Abraaj Group acquires majority stakes in Al Kindy and Menara to create the largest private oncology and imaging diagnostics network in Morocco

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Casablanca, Morocco, Capital Markets in Africa — The Abraaj Group (‘Abraaj’ or the ‘Group’), an investor operating in global growth markets, announced the acquisition, through its second generation North Africa Fund, of a majority stake in Centre de Traitement Al Kindy (‘Al Kindy’), Casablanca’s private oncology clinic, and Clinique Spécialisée Menara (‘Menara’), an oncology and imaging diagnostics center in Marrakech. Al Kindy and Menara together form the largest private integrated network of imaging diagnostics and…

South Africa Equity Markets | 03 Nov 2015: Major and sector indices edge up, MTN Group gains 4.97%, financial sector index down

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Johannesburg, South Africa Capital Markets in Africa —The Johannesburg Stock Exchange equity trading continued on a upward trend at the end of Tuesday’s trading session. The Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) grew by 0.40 percent or 66.52 points to settle at 54,076.07 points and the benchmark JSE Top 40 index closed 0.41 percent or 196.69 points higher to end at 48,548.21 points. The financial sector index lost 0.32 percent…

Nigerian Equity Markets | 03 Nov 2015: OANDO Appreciates 8.7% after 7 Days of Decline …NSE ASI Wanes 29bps

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Lagos, Nigeria, Capital Markets in Africa — Sell pressure on the Nigerian bourse was sustained during trade today as the broader index closed 0.3% lower to settle at 29,052.87pts; thereby pushing YTD return (-16.2%) further into the negative territory. Market capitalization equally fell N28.9bn to N10.0tn. However, the decline in performance was majorly due to depreciations in Banking counters – GUARANTY (-2.3%) and ETI (-3.7%). Market activities — a measure of volume and value of shares…

Kenya Equity Markets | 03 Nov 2015: Bearish Mood Persists …. NSE All-Share index 25bps

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Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange equity trading continued in the negative region. The equity market capitalization closed at KES 1,930 billion by dropping KES 3.88 billion (c.US$38 million) or 0.20 percent from the market capitalization of KES 1,926 billion recorded at the previous trading session. The Nairobi All Share Index sagged by 0.25 percent or 0.34 points to end at 137.27 points and the Nairobi Securities Exchange (NSE20) index sagged by 26.84…

Cote D’Ivoire Stock Markets | 03 Nov 2015: Negative sentiment return to BRVM Bourse equity markets … indices and market cap down

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday lower than the previous day. BRVM 10 index decreased from 302.36 to 300.21 points, a drop of 0.71 percent. BRVM Composite index lost 0.24 percent at 303.65 points against 304.37 points previously. The equity market capitalization dropped XOF 18 billion (about US$30 million) to close at XOF 7,493 billion relative to the previous trading…

Nigeria: Four Disquieting Subjects in the Market… Calls for Concerns?

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Lagos, Nigeria, Capital Markets in Nigeria — The Nigerian capital market and business community have been hit with a string of “bad news” in last few days, as unimpressive earnings releases – including the monumental loss reported by OANDO Plc – filtered into the market. The sequence of negative press was further amplified by regulatory sanctions on select listed and unlisted companies for alleged regulatory breaches. The actions and reactions that have trailed these events…

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